HHH
Howard Hughes Holdings Inc.83.53
-1.25-1.47%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.96BP/E (TTM)
15.47Basic EPS (TTM)
5.40Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
2025 Equity Plan approved
Howard Hughes Holdings Inc. stockholders approved the 2025 Equity Incentive Plan on September 30, 2025, at the annual meeting, authorizing up to 2,000,000 shares for options, restricted stock, and other awards to attract and retain talent. The plan replaces the 2020 version, halting new grants under the prior plan while recycling forfeited shares to support long-term incentives. No grants yet; vesting starts no earlier than one year.
8-K
HHH Q2 loss, Pershing infusion
Howard Hughes Holdings reported Q2 2025 results with a net loss of $12.1 million, or $(0.22) per share, dragged by a $48.2 million GAAP loss on MUD receivables sale that boosted liquidity by $180 million. Pershing Square's $900 million investment for 9 million shares at $100 each— a 48% premium—fuels diversification into a holding company atop MPC foundations. MPC EBT hit $102 million from 111 acres sold at a record $1.35 million average, while operating assets NOI rose 5% to $69 million on office and multifamily gains. Full-year guidance jumps: Adjusted Operating Cash Flow to $410 million, MPC EBT to $430 million. Yet execution risks loom in deploying fresh capital.
10-Q
Q2 FY2025 results
Howard Hughes Holdings swung to a $12.1 million net loss from continuing operations in Q2 FY2025 ended June 30, 2025, down from $47.4 million profit a year earlier, mainly due to a $48.2 million loss on MUD receivables sale that offset solid underlying momentum. Total revenues dipped 8% y/y to $260.9 million, with MPC land sales falling 19% y/y to $125.0 million from timing of closings, yet Operating Assets NOI climbed 5.5% y/y to $66.9 million on stronger multifamily and office leasing. MPC EBT slid 17% y/y to $102.4 million, while Strategic Developments turned profitable at $1.0 million versus a $3.0 million loss, aided by a land sale gain. Cash swelled to $1.4 billion after $900 million from Pershing Square equity issuance, bolstering $5.2 billion debt with $880.5 million undrawn commitments; free cash flow not disclosed in the 10-Q. The May 2025 Pershing deal closed for $900 million in stock, recognizing no goodwill as it's an equity raise. Yet regulatory hurdles in condominium entitlements remain a persistent drag.
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